BUSINESS DEPOSIT SERVICES
Ben offers a full range of deposit products and services that allow you to Bank at the speed of life. From Online Banking to Cash Management, we're here to make sure that banking doesn't slow you down.
- Automatic Transfers
- Business Checking
- Business IOLTA
- Business Money Market
- Business Savings and CDs
- Business VISA® Debit Card
- Cash Management Services
- Coin & Currency
- Merchant Card Services
- Night Deposit Box
- Online Banking - Business (Info Express)
- Points Express - (New Format!)
- Wire Transfers
Automatic Transfers
Automatic payments and scheduled transfers. You may set up automatic payments or transfers from your statement savings, money market or checking account. Once you have signed a one time authorization form, transfers may be authorized at anytime*.
* Federal regulations limit the number of preauthorized transfers six per statement cycle, for Money Market and Statement Savings Accounts.
Business Checking
Click the link above for complete details
Business IOLTA
IOLTA - Interest on Lawyers' Trust Account. This account is authorized by the Supreme Judicial Court requiring lawyers to place client funds into interest bearing accounts, with interest earned being paid to the Massachusetts IOLTA committee. For more information regarding this account contact a Ben Banker. This account has no maintenance fees or transaction fees to the lawyer or law firm.
Business Money Market
When your business needs to keep funds liquid, but you want to earn a higher interest rate than a standard savings account. Transfer and withdrawal restrictions apply.
Business Savings and CDs
Keep track of your business savings with the traditional Passbook Savings or Statement Savings Accounts. You can also earn a higher deposit rate on your choice of a wide variety of short and long term CDs. The minimum deposit and interest rates are determined by the term of the certificate.
For more information see a Ben Banker.
Business VISA® Debit Card
You can make purchases at gas stations, restaurants, via telephone orders or online. Purchases are withdrawn directly from your checking account without writing a check. No IDs, no hassles. PLUS you can participate in the Points Express rewards program.
Cash Management Services
Click the link above for complete details.
Coin & Currency
No Additional Charge. There are no fees to our business customers for cash and coin orders to perform daily transactions at their place of business. This service may be received at any teller window, or merchants may call in their order in advance, to decrease the time spent at the teller window.
Merchant Card Services
No aspect of your operations is more crucial to your success than the card payment processing system you select. Through our Merchant Card Services, you can accept any or all charge and credit cards, including MasterCard®, VISA®, American Express®, and Discover®. All forms, supplies and equipment necessary to implement your credit card program are provided. Also all card systems feature a 24-hour, toll-free phone authorization service that operates 365 days a year.
Benefits of Merchant Services to your company:
- Processing your debit and credit card transactions for a low competitive rate
- Receipts are deposited directly to your checking account
- Comprehensive monthly statement summarizes all of your activity
Night Deposit Box
Merchants may make deposits and/or payments after hours utilizing outside access to a secured box. This allows you to deposit large sums of money after banking hours. See a Ben Banker for the location nearest you.
Online Banking - Business (Info Express)
Click here for a DEMO. You can check balances 24 hrs. a day. Transfer funds between linked accounts. You can pay your bills, download your account information into your favorite personal or business financial software (Quicken®, Microsoft Money®, etc.) and view customized balancing reports. Additional services include: ACH payments and collections, wire transfer capabilities, stratified user levels...plus you have the option of receiving your statements online.
Points Express - (New Format!)
The Benjamin Franklin Bank Business VISA® Debit Card allows you to participate in the Points Express rewards program. You will earn one point for every $2.00 spent on eligible net purchases* simply by SIGNING for your purchase using the Benjamin Franklin Bank Business VISA® Debit Card. The more points you earn, the better the reward. It's that simple!
Redeem your points from a wide selection of choices:
- Book travel for any airline, cruise, hotel, or car rental anywhere and receive a credit using a Travel Rebate Certificate.
- Select from hundreds of merchandise rewards through the Points Express website or the brochure, including electronics, leisure, home décor, kitchen and bath, sports and more.
- Choose gift certificates for Macy's, Chili's, Amazon.com, Barnes and Noble, Eddie Bauer and more.
- Use your points to purchase downloadable tunes from the large selection at PuretracksTM
- And much more.
Check Your Points - (New Format!)
*Points are earned on signature-based purchases only. PIN transactions do not count toward rewards.
Wire Transfers
Transfer funds with speed, security, and convenience from any Benjamin Franklin Bank location. All incoming wires are free to customers. Wire transfers are also available through Business Online Banking. Outgoing domestic and international wire transfers are available.
